Nancy Mccuaig Sells 400 Shares of IGM Financial Inc. (TSE:IGM) Stock

IGM Financial Inc. (TSE:IGM) Director Nancy Mccuaig sold 400 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$44.36, for a total value of C$17,744.00.

IGM Financial Price Performance

IGM stock opened at C$44.52 on Friday. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31. The firm has a market capitalization of C$10.62 billion, a P/E ratio of 11.41, a P/E/G ratio of 4.09 and a beta of 1.53. The business’s 50-day moving average is C$45.32 and its two-hundred day moving average is C$43.33. IGM Financial Inc. has a 1 year low of C$32.95 and a 1 year high of C$47.96.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IGM shares. Jefferies Financial Group increased their target price on IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. CIBC increased their target price on IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. TD Securities increased their target price on IGM Financial from C$51.00 to C$56.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. BMO Capital Markets increased their target price on IGM Financial from C$47.00 to C$48.00 in a research note on Monday, February 10th. Finally, Scotiabank increased their target price on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$50.29.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.